Herbalife shares slide after Ackman remarks

August 26, 2016 1:43 PM

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Herbalife shares slide after Ackman remarks

Herbalife shares slumped Friday after activist investor Bill Ackman told CNBC he was approached to take a stake in the firm.

Ackman made his remarks on "Squawk Box" after The Wall Street Journal reported that activist investor Carl Icahn had pondered selling his stake in Herbalife, worth approximately $1 billion, to a group that included Ackman.

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